IT major Cyient today said it has entered into a definitive agreement to acquire 100 per cent equity in the US-based B&F Design Inc for an undisclosed sum. The company said the acquisition will be carried out through its step down subsidiary Cyient Defense Services Inc.
Founded by Raymond Forgione in 1965 as a family business, B&F Design initially offered
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Watch this space for all live market updates 3:06 PM In the broader market, BSE Midcap was up 0.1%, while BSE Smallcap continued trading flat.
2:42 PM All sectoral indices but Nifty FMCG (down 1%) and Nifty PSU Bank (down 0.4%) are trading in green.
1:55 PM Jubilant Foodworks surged over 4% to Rs 1,215 after the company reported over 25% jump in its standalone
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3:00 pm Global IT spends:Â Global IT research firm Gartner today further lowered its 2017 IT spending growth estimate to 2.4 percent from the 2.7 percent earlier on worries on digitisation. The downward revision in growth estimates comes amid growing anxieties over the future of the IT industry, with concerns surrounding automation and rising protectionism
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International cable TV and broadband company Liberty Global has selected IT firm Cyient to support its ‘GIGAWorld’ initiative that seeks to provide broadband speeds of one gigabit and more to millions of homes households across Europe. Cyient said it would deploy its capabilities in delivering FTTP (fibre-to-the-premise) and HFC (hybrid-fibre coaxial)
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Cyient Ltd has informed BSE that with reference to the earlier notification dated January 24, 2017, regarding signing of a definitive agreement to acquire 100% equity stake in Certon Software Inc, by and through the Company's wholly owned subsidiary, Cyient Inc., the transaction has been consummated effective February 08, 2017. Cyient Ltd has informed
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Hyderabad: IT companies in this tech hub feel that Donald Trump's victory in the US presidential election will not affect the sector. They hope that US President-elect Mr Trump will adopt a balanced approach to high-skilled visas and contribution of India's IT sector to the American economy.
"We look forward to working with him and his administration
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According to a statement issued by Cyinet (formerly Infotech Enterprises Limited), the revenue of Blom stood at 6 million pounds during the last calendar year. According to a statement issued by Cyient (formerly Infotech Enterprises Limited), the revenue of Blom stood at 6 million pounds during the last calendar year.
John Renard, President EMEA (Europe
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